News
Important Only
German economic council forecasts stagnation for country's economy in 2025
Europe's largest economy expected to flatline this year after two contractionsFiscal package offers growth opportunities, 1.0% growth forecast in 2026Inflation projected at 2.1% this year, 2.0% in 2026By Maria Martinez BERLIN, May 21 (Reuters) - The German Council of Economic Experts cut its ...Reuters
Wed, May 21
Off-price retailer TJX beats quarterly sales estimate
May 21 (Reuters) - TJX Cos TJX.N beat Wall Street expectations for first-quarter sales on Wednesday, as shoppers looking for deals to save money in the face of growing economic uncertainties flocked to the stores of the off-price retailer.Net sales at the TJ Maxx parent were at $13.11 billion for th...Reuters
Wed, May 21
Oil jump sends euro zone yields higher, German curve at steepest in a month
LONDON, May 21 (Reuters) - Euro zone government bond yields rose on Wednesday as higher oil prices added further pressure to longer-dated bonds, already struggling globally due to worries about countries' fiscal positions, particularly the U.S. Germany's 10-year yield, the benchmark for the ...Reuters
Wed, May 21
US to appoint Thomas Barrack as special envoy for Syria, sources say
By Timour Azhari and Jonathan Spicer DAMASCUS/ISTANBUL, May 21 (Reuters) - The United States will appoint President Donald Trump's longtime friend and current U.S. ambassador to Turkey, Thomas Barrack, as a special envoy for Syria, a person with direct knowledge of the matter and a diplomat i...Reuters
Wed, May 21
Lowe's beats quarterly comparable sales estimates
May 21 (Reuters) - Home improvement retailer Lowe's Cos LOW.N posted a smaller-than-expected drop in first-quarter comparable sales on Wednesday, as shoppers spent on maintenance projects while holding off on big-ticket purchases amid higher borrowing costs.The company reported a 1.7% drop in sa...Reuters
Wed, May 21
US states mount court challenge to Trump's tariffs
Lawsuit filed by New York, Illinois, Oregon, 9 other statesState attorneys general say Trump misused emergency powers lawOregon AG says tariffs will cost families $3,800/yearUS Justice Dept says state estimates of losses are 'speculative'By Dietrich Knauth NEW YORK, May 21 (Reuters) - Twe...Reuters
Wed, May 21
EU bill auction deadline postponed by 1 hour, Commission says
May 21 (Reuters) - The European Commission, on behalf of the European Union, has postponed the deadline for Wednesday's bill auction by one hour due to a technical problem with Bloomberg.The auction will be carried out at 13:00 CET (1100 GMT) instead of 12:00 CET to ensure a smooth functioning o...Reuters
Wed, May 21
German economic advisory panel forecasts stagnation this year
By Maria Martinez BERLIN, May 21 (Reuters) - The German Council of Economic Experts cut its economic forecast for the German economy on Wednesday, now expecting Europe's biggest economy to stagnate this year as it sees a "pronounced phase of weakness". The academic body that advises t...Reuters
Wed, May 21
